Multi-Color (LABL) Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Multi-Color (NASDAQ:LABL) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

According to Zacks, “Multi-Color is one of the largest producers of printed labels for branded consumer products in the United States. Labels printed by the Company appear principally on mass-marketed products for which label appearance is a significant element of product marketing and merchandising. Multi-Color produces labels for a variety of consumer products including liquid detergents, fabric softeners, food products, liquid cleaners, anti-freeze and chewing gum. “

Several other research firms have also commented on LABL. Hilliard Lyons raised shares of Multi-Color from a neutral rating to a buy rating in a report on Monday, January 8th. BidaskClub raised shares of Multi-Color from a strong sell rating to a sell rating in a report on Friday, December 22nd. Robert W. Baird reaffirmed a hold rating and issued a $80.00 price target on shares of Multi-Color in a report on Friday, November 10th. Finally, BMO Capital Markets reaffirmed a hold rating and issued a $88.00 price target on shares of Multi-Color in a report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $82.75.

Multi-Color (NASDAQ LABL) traded up $0.50 during midday trading on Tuesday, hitting $77.90. The company had a trading volume of 32,461 shares, compared to its average volume of 53,608. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.48 and a current ratio of 1.96. Multi-Color has a 52-week low of $63.05 and a 52-week high of $88.25. The firm has a market cap of $1,582.10, a P/E ratio of 22.98 and a beta of 0.73.

Multi-Color (NASDAQ:LABL) last released its earnings results on Tuesday, November 7th. The business services provider reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.05). Multi-Color had a net margin of 6.10% and a return on equity of 15.52%. The firm had revenue of $256.03 million during the quarter, compared to analyst estimates of $246.61 million. During the same period in the previous year, the company earned $0.99 earnings per share. Multi-Color’s revenue was up 10.3% on a year-over-year basis. sell-side analysts predict that Multi-Color will post 3.83 earnings per share for the current year.

In other Multi-Color news, Director Robert R. Buck sold 9,530 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $72.06, for a total value of $686,731.80. Following the sale, the director now directly owns 17,441 shares of the company’s stock, valued at $1,256,798.46. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Julian Henry purchased 1,000 shares of the stock in a transaction on Monday, November 13th. The stock was acquired at an average cost of $71.03 per share, for a total transaction of $71,030.00. The disclosure for this purchase can be found here. 19.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of LABL. Acrospire Investment Management LLC purchased a new stake in shares of Multi-Color during the 2nd quarter worth about $105,000. SG Americas Securities LLC acquired a new stake in Multi-Color in the 3rd quarter valued at about $129,000. Pinebridge Investments L.P. raised its holdings in Multi-Color by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,742 shares of the business services provider’s stock valued at $143,000 after acquiring an additional 18 shares during the last quarter. Zions Bancorporation acquired a new stake in Multi-Color in the 3rd quarter valued at about $154,000. Finally, Eqis Capital Management Inc. acquired a new stake in shares of Multi-Color during the 3rd quarter worth approximately $201,000. 63.50% of the stock is currently owned by institutional investors.

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Multi-Color Company Profile

Multi-Color Corporation (Multi-Color) is engaged in label solutions business, supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products. The Company serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.

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